What You Should Know About the Harold Alfond College Challenge Grant and NextGen First Step Grant.
FAME will deposit the $500 Alfond Grant and the $50 NextGen First Step Grant into the NextGen account only after the account is opened and account number assigned.
The child's social security number is required in order to open the NextGen account. The NextGen Account Applications should be submitted to FAME once all other sections of the application have been completed. Families may call-in the new baby's name and social security number once the information is available. FAME will write in your baby’s information (including the social security number) on the account application and process accordingly.
Parents will be encouraged to complete a NextGen Account Application before leaving the hospital with their new baby.
The $500 Alfond Grant and $50 First Step Grant can be used as the initial contribution to open the NextGen account. No other initial or subsequent contributions are required, although it was Mr. Alfond’s deepest hope that parents will continue contributing to their child’s NextGen account.
NextGen contribution coupons are available should family members wish to make contributions to your baby’s NextGen account.